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International Oil Prices Surge 35.6% in a Single Week, Breaking $90 Mark for the First Time
Summary: According to reports, the main contract of US WTI crude oil futures rose by 12.67% to $91.27 per barrel in a single day, marking a 35.6% increase compared to before the escalation of the US-Iran conflict on February 28, the highest weekly gain for this futures product since its introduction in 1983; the main contract ...
According to reports, the main contract of US WTI crude oil futures rose by 12.67% to $91.27 per barrel in a single day, marking a 35.6% increase compared to before the escalation of the US-Iran conflict on February 28, the highest weekly gain for this futures product since its introduction in 1983; the main contract of UK Brent crude oil futures rose by 9.26% to $93.32 per barrel in a single day, with a weekly increase of 27.5%, the highest weekly gain since 1990. Looking back, after the Russia-Ukraine conflict erupted at the end of February 2022, both Brent and WTI saw approximately 25% weekly gains in early March; during the Gulf War in August 1990, Brent spot prices saw a maximum weekly increase of 26%. The US-Iran conflict has now surpassed all previous records for weekly oil price increases. (Aastocks)
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Link: International Oil Prices Surge 35.6% in a Single Week, Breaking $90 Mark for the First Time [Copy]
